Utilities

Largest Utility In U.S. Proposes Massive Rate Increase Over Four Years, Sparking Debate On Profit Margins And Customer Impact Amid Shareholder Guaranteed Profits

FPL has requested a $9 billion increase in customer rates over the next four years from the Florida Public Service Commission. The request has raised alarms among affordability advocates, who warn that it could become one of the largest rate hikes in U.S. history.

Largest Utility In U.S. Proposes Massive Rate Increase Over Four Years, Sparking Debate On Profit Margins And Customer Impact Amid Shareholder Guaranteed Profits Read More »

Florida Solar Farm Supplying Clean Energy To 12 Cities Across The State

Located in Putnam County, near Palatka, the Rice Creek Solar Energy Center features 213,000 solar panels, generating enough power to supply about 14,000 homes. It is the third solar site in the Florida Municipal Solar Project, with more developments planned.

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Florida Has The 4th Highest Power Bills In The US, According To MarketWatch

In a national comparison that looked at how much the average electricity bill was in each state, Florida ranked No. 4 at $168 per month, which is about $31 more than the national average. So, what’s causing the increase in electricity bills?

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Florida Commission Approves A Duke Energy Settlement That Will Increase Electric Rates

Also as part of the settlement, Duke will be able to recoup costs from customers for 12 new solar facilities. The solar increases are projected to total $12 million in 2025, $71 million in 2026 and $58 million in 2027, the utility said last month.

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FPL Invests Into Its Push To Be A National Leader In Solar Power

During the first quarter of the year, FPL put into service 1,640 megawatts of new solar power that put its solar portfolio at over 6,400 megawatts, making it the largest utility-owned solar portfolio in the country. The company also plans to increase its solar mix from approximately 6% of total generation in 2023 to 38% in 2033.

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